The technology sector has long been the growth investor’s best friend, with tomorrow’s innovations fueling the breakneck gains necessary to generate big price returns. Traditionally there hasn’t been much to interest us dividend investors – until now. Some tech companies have finally grown up. And while their profit growth has slowed, their shareholder returns have actually accelerated. These companies literally make more money than they know what to do with – so they are increasingly dishing it back as dividends...
Here are five tech titans with big cash flows paying yields up to 6% for you to consider adding to your income portfolio today. QUALCOMM, Inc. (QCOM) has wandered its way back into 4% yield territory, but right now, the wireless technology specialist is in extremely choppy waters. NVE Corp (NVEC) isn’t a particularly new company — it was founded in 1989 and went public in 2000 — but its spintronics nanotechnology has been gaining in popularity for decades, and currently has the stock sniffing at all-time highs. Seagate Technology PLC (STX) is a longtime maker of hard disk drives, solid state drives and other electronic data storage solutions. Data storage real estate investment trust Iron Mountain Incorporated (Delaware) REIT (IRM) has been pointed in the same general direction – up – ever since its 1996 initial public offering. Nokia Corp (ADR) (NOK) is no longer the fine purveyor of seemingly invincible cellular phones, but instead plies its trade in telecommunications infrastructure and, like Qualcomm, licensing out its expansive set of technology patents.